Examples of New Interests in a sentence
The Board by Supermajority Board Vote is hereby authorized, subject to Section 15.9, to amend this Agreement to reflect such issuance and to fix the relative privileges, preference, duties, liabilities, obligations and rights of any such New Interests, including the number of such New Interests to be issued, the preference (with respect to Distributions, in liquidation or otherwise) over any other Units and any contributions required in connection therewith.
The Notice (the “Class B Offer Notice”) shall specify (i) the number of Membership Interests offered for sale (the “New Interests”), (ii) the price per Membership Interest at which the Company desires to sell such New Interests and (iii) the other terms and conditions of the proposed offering.
The Managing Member is hereby authorized, subject to Section 15.09, to amend this Agreement to reflect such issuance and to fix the relative privileges, preference, duties, liabilities, obligations and rights of any such New Interests, including the number of such New Interests to be issued, the preference (with respect to Distributions, in liquidation or otherwise) over any other Units and any contributions required in connection therewith.
On or before the first Asset Acquisition after the Effective Date, Company shall issue to Manager or its designee, free and clear of all Liens (except those Liens arising under applicable securities laws and under the Operating Agreement), the New Interests pursuant to an amendment to the Operating Agreement, a purchase agreement and other ancillary documents in form and substance acceptable to Manager.
Subject to the approval of the Bankruptcy Court, the Company has the requisite power and authority to enter into the Transaction Documents, to perform its obligations thereunder, and to issue and sell the New Interests.